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Data for today’s episode is provided by Mercator Advisory Group’s Viewpoint: Pay-at-the-Table Finds Its Way onto More Menus
Consumers are Using More Smartphone Pay Technology Since the COVID-19 Outbreak:
- According to Mercator Advisory Group, one-third of consumers are using more smartphone pay technology since the pandemic began.
- 35% of consumers reported using smartphone universal wallets more or much more than they did before COVID-19.
- 33% of consumers reported using smartphone retailer wallets more or much more.
- 35% of consumers reported using smartwatch universal and retailer wallets more.
- 34% of consumers reported using smartphone QR codes more.
- 19% of consumers reported using chip cards more.
About Report
The restaurant industry was rocked by the COVID-19 pandemic and now looks for solutions to aid its recovery. An existing payment application, Pay-at-the-Table, no newcomer, is getting renewed attention from tech developers as a way to increase sales and enhance staff productivity for restauranteurs. Pay-at-the-Table will find a highly favorable merchant community to increase installations across a large segment of U.S. restaurants. Just as important, diners will find the streamlined order and pay process quite appetizing as well.
